Nvidia has reported record quarterly revenue of $96.2 billion, with the company projecting it will reach $108 billion in revenue within the next few months.
Key facts
- •Nvidia reported $96.2 billion in total revenue for the most recent quarter.
- •Data center revenue reached $89 billion, more than doubling year-over-year.
- •Quarterly profits for the company rose to $59.7 billion.
- •Nvidia projects reaching $108 billion in revenue within a few months.
- •The edge computing segment, including consumer gaming, accounted for $7.2 billion in revenue.
Nvidia announced record quarterly revenue of $96.2 billion, marking an increase of over $10 billion compared to the previous quarter. The company's data center business served as the primary driver for this growth, while Nvidia now projects its revenue will reach $108 billion in the coming months.
By the numbers
Financial Performance and Growth
Nvidia's data center revenue more than doubled year-over-year, reaching a record $89 billion. Overall company profits also more than doubled, totaling $59.7 billion for the quarter.
Consumer Segment and Market Challenges
The company's edge computing category, which includes consumer gaming, generated $7.2 billion in revenue, a 27 percent increase year-over-year. Nvidia noted that consumer PC sales were slower, impacted by elevated memory and systems prices. The company continues to face component shortages that drive up prices for consumer GPUs and has warned of potential price increases for its AI chips.
Advertisement
This article was independently rewritten by ManyPress editorial AI from reporting originally published by The Verge.
